Intel Could Soon Sell Majority Stake in Its Altera Programmable Chip Unit

Key TakeawaysIntel is in advanced talks to sell a majority stake in its Altera programmable chips unit, Bloomberg reported Tuesday.The development comes after reporting over the weekend that Broadcom and TSMC are considering bids for parts of the storied chipmaker.Shares of Intel soared Tuesday, but have still lost more than a third of their value over the past 12 months. Private equity firm Silver Lake Management is nearing a deal to buy a majority stake in Intel’s (INTC) Altera programmable chips unit, ac ...